First Time Homebuyer Exemption Information

The exemption must be applied for at least one week before your closing. You must provide the signed and approved exemption application to your attorney prior to acquiring your home.

First Time Home Buyer Exemption Information 

• Income limit - $155,880
• Purchase price limit - $863,940 (120% of $719,950) 
• Approval usually takes two to three days
• Paperwork must be delivered to the Community Preservation Fund (CPF) Office and we will call you when it is ready.

Exemption Documents

Access the following documents regarding the exemption:

• First Time Home Buyer Exemption Informational Brochure (PDF)
• First Time Home Buyer Exemption Application (PDF)
  (Must be printed on legal-sized paper)
• First Time Home Buyer Exemption Request Refund Process (PDF) (If applying for exemption after the closing)

Printable Forms & Applications

• Acquisition Interest Form (PDF)
• Peconic Bay Region Community Preservation Fund Form (PDF)